Excess Share Insurance (ESI) The NCUA (National Credit Union Administration) insures non-retirement share accounts up to a maximum of $250,000. NCUA has recently increased the deposit insurance for Individual Retirement Accounts (IRAs). Please see the section on IRAs for additional information about these accounts.
The ABCO Federal Credit Union Board of Directors has chosen to add, at no cost to the members, additional deposit insurance coverage through ESI up to a maximum of $250,000.
That means, all non-retirement share accounts are insured up to a Maximum of $500,000 and all qualified retirement accounts are insured up to a maximum of $ 500,000.
ESI is a wholly owned subsidiary of Ohio-based American Share Insurance (ASI), the nation's largest private deposit insurer.
